Monthly Archives: January 2011

What's Ahead For Mortgage Rates This Week : January 31, 2011

Mortgage markets improved this week as positive economic data was overshadowed by geopolitical strife. A flight-to-quality drove buy-side activity in mortgage bond markets, which, in turn, helped conforming rates fall. Continue reading

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New Home Sales Reach 8-Month High

The 2010 housing market finished on a tear, and that momentum is carrying forward into 2011. Expect the spring season to show strongly, and for home prices to be on the rise. Continue reading

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A Simple Explanation Of The Federal Reserve Statement (January 26, 2011 Edition)

Today, the Federal Open Market Committee voted 10-to-o to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent. Mortgage rates are reacting. Continue reading

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The Home Price Index Shows Flat For November

Home values were reported unchanged in November 2010, on average, according to the Federal Home Finance Agency’s Home Price Index. Continue reading

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The Fed Meets Today. What It Means To Mortgage Rates.

The Federal Open Market Committee begins a 2-day meeting today in Washington D.C. It’s the group’s first meeting of 2011 — one of 8 scheduled for the year. Continue reading

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What's Ahead For Mortgage Rates This Week : January 24, 2011

Mortgage markets worsened last week in a holiday-shortened trading week. For the second straight week, conforming and FHA mortgage rates increased. Continue reading

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Home Supplies Plummet, Putting Pressure On Prices To Rise

According to the National Association of REALTORS®, seasonally-adjusted, annualized Existing Home Sales figures climbed by more than a half-million units in December as compared to November. It’s the 3rd straight month of home resale improvement nationwide. Continue reading

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Building Permits Surge In December; Signals A Strong Spring Housing Market

According to theCensus Bureau’s report, Housing Starts of single-family homes fell to 417,000 units on a seasonally-adjusted, annual basis. The figure marks a 9 percent drop-off from November, and is the lowest reading since May 2009. Continue reading

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Home Builders Slowed By Economy, But Seeing More Foot Traffic

Homebuilder confidence held firm for the second straight month this month, according to the National Association of Home Builders. Continue reading

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What's Ahead For Mortgage Rates This Week : January 18, 2011

Mortgage markets worsened last week on a turn-around in sentiment across the Eurozone. The sort of “safe haven” buying that had buoyed mortgage bonds since the New Year dissipated, and mortgage rates resumed climbing. Continue reading

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